American National now offers the lowest cost term life insurance on the market. They are achieving this price point with an annual renewable term product. The rates on this product do go up every year BUT it is guaranteed renewable and the price point makes it a better choice than 10 or 20 year term.
The reason why it is a better choice is because the rates do increase but the product is priced so much lower that a consumer will pay nearly 30% less with the ART product vs the 10 or 20 year product.
A quick example is the following. A 50 year old male can get $500,000 of ART with American national for $41.04 a month. (Standard health rating) The lowest cost 10 year term for that same person is $92.59 a month. In 10 years the ART will cost $85.97 a month. Do the math, there is a huge savings on the ART product.
The product can be issued up to age 65 and can be converted to permanent insurance at the same health rating up to age 65. It is guaranteed renewable to age 75.
For quotes on this product, call Crowe and Associates at 203-796-5403
ARE YOU A BROKER LOOKING TO SELL THIS PRODUCT? Call 203-796-5403 or email Edward Crowe at Edward@Croweandassociates.com